As major Gulf markets experience mixed performance amid hopes for U.S. rate cuts and declining oil prices, investors are closely watching how these factors influence the broader Middle Eastern economy. Despite the term "penny stocks" being somewhat outdated, these smaller or newer companies still present intriguing investment opportunities when supported by robust financials. In this article, we will explore three penny stocks that demonstrate potential for growth and financial resilience in today's market conditions.
Top 10 Penny Stocks In The Middle East
| Name | Share Price | Market Cap | Rewards & Risks |
| Maharah for Human Resources (SASE:1831) | SAR4.78 | SAR2.15B | ✅ 2 ⚠️ 3 View Analysis > |
| Thob Al Aseel (SASE:4012) | SAR3.75 | SAR1.5B | ✅ 2 ⚠️ 1 View Analysis > |
| Alarum Technologies (TASE:ALAR) | ₪4.984 | ₪354.91M | ✅ 3 ⚠️ 1 View Analysis > |
| E7 Group PJSC (ADX:E7) | AED1.06 | AED2.12B | ✅ 5 ⚠️ 3 View Analysis > |
| Al Wathba National Insurance Company PJSC (ADX:AWNIC) | AED3.30 | AED683.1M | ✅ 2 ⚠️ 3 View Analysis > |
| Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) | AED3.30 | AED381.15M | ✅ 2 ⚠️ 4 View Analysis > |
| Dubai Investments PJSC (DFM:DIC) | AED3.03 | AED12.84B | ✅ 2 ⚠️ 3 View Analysis > |
| Al Dhafra Insurance Company P.S.C (ADX:DHAFRA) | AED4.86 | AED486M | ✅ 1 ⚠️ 2 View Analysis > |
| Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) | AED0.826 | AED498.77M | ✅ 2 ⚠️ 2 View Analysis > |
| Tgi Infrastructures (TASE:TGI) | ₪2.76 | ₪216.66M | ✅ 2 ⚠️ 3 View Analysis > |
Click here to see the full list of 79 stocks from our Middle Eastern Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Commercial Bank International P.S.C (ADX:CBI)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Commercial Bank International P.S.C. offers a range of banking products and services to individuals and businesses in the UAE and internationally, with a market cap of AED1.70 billion.
Operations: The company's revenue is primarily derived from its Real Estate segment at AED264.95 million, followed by Wholesale Banking at AED229.94 million, Treasury operations at AED54.20 million, and Retail Banking services contributing AED54.02 million.
Market Cap: AED1.7B
Commercial Bank International P.S.C. has demonstrated a mixed performance as a penny stock in the Middle East. The bank's seasoned management and board, with average tenures of over five years, provide stability. However, its Return on Equity is low at 6.6%, and it faces challenges with high bad loans at 15.7%. Despite these issues, CBI has shown significant earnings growth of 34.2% annually over the past five years and maintains an appropriate Loans to Deposits ratio of 84%. Recent financial results indicate steady net interest income growth but slightly declining net income year-over-year for Q2 2025.
- Get an in-depth perspective on Commercial Bank International P.S.C's performance by reading our balance sheet health report here.
- Understand Commercial Bank International P.S.C's track record by examining our performance history report.
Islamic Arab Insurance (Salama) PJSC (DFM:SALAMA)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Islamic Arab Insurance (Salama) PJSC, along with its subsidiaries, offers a variety of general, family, health, and auto takaful solutions across Africa and Asia, with a market cap of AED364.49 million.
Operations: The company's revenue is primarily derived from General Takaful at AED802.40 million and Family Takaful at AED230.75 million.
Market Cap: AED364.49M
Islamic Arab Insurance (Salama) PJSC, a penny stock in the Middle East, has shown signs of financial stability despite its challenges. The company reported a net income of AED 6.67 million for Q2 2025, up from AED 0.685 million the previous year, indicating improved profitability. Salama's short-term assets of AED934.7 million comfortably cover its short-term liabilities of AED609 million; however, they fall short against long-term liabilities totaling AED2.3 billion. The company is debt-free and has not diluted shareholders recently but faces low Return on Equity at 3.5% and high non-cash earnings levels.
- Dive into the specifics of Islamic Arab Insurance (Salama) PJSC here with our thorough balance sheet health report.
- Examine Islamic Arab Insurance (Salama) PJSC's past performance report to understand how it has performed in prior years.
Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi (IBSE:VRGYO)
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi focuses on developing housing projects and has a market cap of TRY2.67 billion.
Operations: Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi has not reported any specific revenue segments.
Market Cap: TRY2.67B
Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi is currently pre-revenue, with a market cap of TRY2.67 billion and recent financial setbacks including a net loss of TRY 75.64 million for Q2 2025. Despite its unprofitability, the company maintains strong short-term asset coverage over both short-term (TRY410.1 million) and long-term liabilities (TRY1.4 billion). Its interest payments are well-covered by EBIT, but negative operating cash flow indicates challenges in debt management. Shareholders have not faced dilution recently, though the board's inexperience and high share price volatility may concern investors seeking stability in penny stocks.
- Click to explore a detailed breakdown of our findings in Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi's financial health report.
- Assess Vera Konsept Gayrimenkul Yatirim Ortakligi Anonim Sirketi's previous results with our detailed historical performance reports.
Turning Ideas Into Actions
- Click through to start exploring the rest of the 76 Middle Eastern Penny Stocks now.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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